TheStreet Gets New CEO

TheStreet has appointed Elisabeth DeMarse as chief executive officer and president, effective today.  She is also joining the company’s board of directors.

“We are thrilled to announce that Elisabeth will be leading the company in the next phase of its growth,” said Woody Marshall, chairman of TheStreet.  “Elisabeth is an ideal fit for this key role at the company – a highly experienced and tremendously skilled digital media executive with a deep background in the financial information vertical.  We look forward to Elisabeth providing both strategic vision and a proven ability to execute, and taking TheStreet to a new level of success.”

DeMarse previously served as CEO of Bankrate and after a long career at Bloomberg.

“TheStreet has a fantastic collection of assets,” said DeMarse.  “It is a pioneer in the field with a strong and recognized brand and has a unique position as a nimble, independent, purely digital player in a high-value media vertical.   The demand for trusted financial information, news and advice has never been stronger. TheStreet’s strong balance sheet, plus the favorable operating characteristics of the subscription and media models, are a winning platform for growth and delivering shareholder value.”

“I’d also like to express again our appreciation to Daryl Otte, who has served as our chief executive officer since 2009 and as a director since 2001,” added Marshall.  “In the past three years, Daryl has put in place many of the foundations for the company’s future growth, and we wish him well.”